Qualcomm Beats

Qualcomm (QCOM) reported 4th Quarter September 2016 earnings of $1.31 per share on revenue of $6.2 billion. The consensus earnings estimate was $1.12 per share on revenue of $5.8 billion. The Earnings Whisper number was $1.18 per share. Revenue grew 13.3% on a year-over-year basis.

The company said it expects first quarter non-GAAP earnings of $1.12 to $1.22 per share on revenue of $5.70 billion to $6.50 billion. The current consensus earnings estimate is $1.22 per share on revenue of $6.03 billion for the quarter ending December 31, 2016.

Qualcomm Incorporated (QCOM) today announced the Companys financial results for its Fourth Quarter and Fiscal Year ended September 25, 2016 through an earnings release that is available on the Qualcomm Investor Relations website at http://investor.qualcomm.com/results.cfm. The earnings release will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at http://www.sec.gov.

As previously announced, Qualcomm will host a conference call to discuss its Fourth Quarter and Fiscal Year results which will be broadcast live on November 2, 2016, beginning at 1:45 p.m. Pacific Time (PT) at http://investor.qualcomm.com/events.cfm. An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (855) 859-2056 and international callers may dial (404) 537-3406. Callers should use reservation number 95313544.

About Qualcomm Qualcomm Incorporated (QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomms licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomms engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit www.qualcomm.com.